email : Webview : CHIP SHOTS

Follow Golf Property Analysts on Twitter, Facebook & LinkedIn by clicking above:

PRIVATE GOLF'S COMPETITION

Those of us in the golf industry often attend seminars and conferences where we’re told about GOLF’s competition. Typically, this is based on a price per round analysis of golf compared to other recreational activities like hiking, cycling, concerts, ball games and other activities that typically involve the whole family. That doesn’t always tell the whole story.

Certainly, the private club segment has experienced contraction in recent years, and as we’ve explored previously (http://golfprop.com/blog/is-golfs-culture-the-games-worst-enemy/) there are numerous reasons for that. I thought it would be interesting to compare the cost of private club membership to the typical alternatives.

THE IDEAL BOARD MEMBER

This month’s issue of Private Club Advisor included a most interesting piece on the obvious disqualifiers from Dan Denehy of Club Thinking Partners. These disqualifiers include:

Legacy thinkers, those who wish to “make their mark” on the club;
Micro Managers, who seem focused on day to day operations rather than policy and planning;
High profile, but low club use members, those who get by on charisma more than participation;
Members who tend to “influence the result” and seek ownership of decisions on matters they find important.

From this, it occurred to me that while avoiding certain types of board members is important, finding the right mix is even more important. Below are some characteristics I’ve identified that may make an ideal board member:

GOLF PROPERTY ACQUISITION OPPORTUNITY

Just Listed

E-Mail Larry

GPA PRACTICE TEE

Some of our current assignments include:

PA - Appraisal of Daily-Fee golf facility for ad-valorem tax assessment appeal
NJ - Appraisal of private country club for mortgage financing
PA - Appraisal review of private club appraisal for potential purchaser
VT - Market analysis for proposed condo-hotel at major ski resort
DE - Appointed as exclusive listing agent for marketing of private club (see above)
GPA president Larry Hirsh will be moderating a panel at the upcoming Golf, Inc. conference September 25-27 at Lake Oconee, GA, entitled "Your Golf Facility's Future - Repurposing and Repositioning"

To order our recently published, award winning book, Golf Property Analysis and Valuation - A Modern Approach, click on the graphic above.

Manage your preferences | Opt out using TrueRemove™
Got this as a forward? Sign up to receive our future emails.
View this email online.

844 Mt. Moro Road
Villanova, PA | 19085 US

This email was sent to .
To continue receiving our emails, add us to your address book.